Verint Systems (NASDAQ:VRNT) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Verint Systems (NASDAQ:VRNT) from a buy rating to a hold rating in a research report released on Thursday.

Several other equities analysts have also recently commented on VRNT. Needham & Company LLC reduced their target price on Verint Systems from $40.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday. Evercore ISI reduced their price objective on Verint Systems from $34.00 to $23.00 and set an “in-line” rating on the stock in a research note on Thursday. Royal Bank of Canada decreased their price target on Verint Systems from $36.00 to $29.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group increased their price target on shares of Verint Systems from $28.00 to $34.00 and gave the stock a “hold” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Verint Systems has a consensus rating of “Moderate Buy” and an average target price of $30.33.

Verint Systems Price Performance

Shares of NASDAQ VRNT opened at $17.85 on Thursday. Verint Systems has a twelve month low of $17.64 and a twelve month high of $38.17. The company has a market cap of $1.11 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 0.97 and a beta of 1.29. The business’s 50 day moving average price is $23.75 and its two-hundred day moving average price is $24.68. The company has a quick ratio of 1.28, a current ratio of 1.32 and a debt-to-equity ratio of 0.47.

Verint Systems (NASDAQ:VRNT) last announced its earnings results on Wednesday, March 26th. The technology company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.28). The business had revenue of $253.50 million for the quarter, compared to the consensus estimate of $276.82 million. Verint Systems had a return on equity of 15.79% and a net margin of 8.49%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 earnings per share. On average, analysts predict that Verint Systems will post 1.92 EPS for the current year.

Institutional Investors Weigh In On Verint Systems

Large investors have recently made changes to their positions in the business. Clark Capital Management Group Inc. increased its position in shares of Verint Systems by 0.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 142,398 shares of the technology company’s stock worth $3,909,000 after acquiring an additional 515 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Verint Systems by 45.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,955 shares of the technology company’s stock worth $54,000 after purchasing an additional 613 shares during the period. Philadelphia Trust Co. grew its position in Verint Systems by 0.9% in the 4th quarter. Philadelphia Trust Co. now owns 106,800 shares of the technology company’s stock valued at $2,932,000 after buying an additional 1,000 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Verint Systems by 1.2% in the fourth quarter. Swiss National Bank now owns 121,900 shares of the technology company’s stock valued at $3,346,000 after acquiring an additional 1,400 shares in the last quarter. Finally, KBC Group NV lifted its position in Verint Systems by 75.0% in the fourth quarter. KBC Group NV now owns 3,380 shares of the technology company’s stock worth $93,000 after purchasing an additional 1,449 shares during the period. Institutional investors and hedge funds own 94.95% of the company’s stock.

Verint Systems Company Profile

Verint Systems Inc provides customer engagement solutions worldwide. It offers forecasting and scheduling, channels and routing, knowledge management, fraud and security solutions, quality and compliance, analytics and insights, real-time assistance, self-services, financial compliance, and voice pf the consumer solutions.